American Express Company (AXP) 10-Year Financial Performance & Capital Metrics

AXP • • Banking & Credit

Financial ServicesCredit ServicesConsumer Lending & Credit CardsGeneral Purpose Credit Cards

AboutAmerican Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.Show more

Net Interest Income $15.54B +18.3%
Total Revenue $74.2B +10.1%
Net Income $10.13B +21.0%
Return on Equity 34.74% +9.4%
Net Interest Margin 5.73% +13.8%
Efficiency Ratio 64.51% -3.6%
ROA 3.8% +11.2%
Equity / Assets 11.15% +3.8%
Book Value per Share 42.45 +11.3%
Tangible BV/Share 36.40 +11.1%
Debt/Equity 1.69 -3.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.8%
✓Strong Piotroski F-Score: 7/9
✓Strong NIM of 5.7%
✓14 consecutive years of dividend growth
✓Well capitalized: 11.1% equity/assets
✓Share count reduced 3.1% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.76%

5Y9.52%

3Y18.64%

TTM-

Profit (Net Income) CAGR

10Y5.58%

5Y8.43%

3Y7.91%

TTM6.56%

EPS CAGR

10Y9.69%

5Y11.9%

3Y11.85%

TTM9.64%

ROCE

10Y Avg9.02%

5Y Avg9.4%

3Y Avg10.28%

Latest11.2%

Peer Comparison

General Purpose Credit Cards

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXPAmerican Express Company	246.61B	358.00	25.54	10.15%	13.65%	32.52%	4.92%	1.69
COFCapital One Financial Corporation	147.12B	231.41	19.97	9%	8.81%	1.24%	11.53%	0.75
BFHBread Financial Holdings, Inc.	3.18B	69.79	12.69	-7.27%	5.77%	14.23%	58.41%	1.86
SYFSynchrony Financial	28.11B	78.06	9.13	19.73%	16.86%	20.95%	35.03%	0.93
SYF-PBSynchrony Financial	9.5B	26.37	3.08	52.34%	16.86%	20.95%	100%	0.93

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	5.92B	5.78B	6.45B	7.66B	8.62B	7.99B	7.75B	9.89B	13.13B	15.54B
NII Growth %	0.08%	-0.02%	0.12%	0.19%	0.12%	-0.07%	-0.03%	0.28%	0.33%	0.18%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	7.54B	7.48B	8.56B	10.61B	12.08B	10.08B	9.03B	12.66B	19.98B	23.8B
Interest Expense	1.62B	1.71B	2.11B	2.94B	3.46B	2.1B	1.28B	2.76B	6.85B	8.25B
Loan Loss Provision	1.99B	2.03B	2.76B	3.35B	3.57B	4.73B	-1.42B	2.18B	4.92B	5.18B
Non-Interest Income+	26.84B	30.88B	30.43B	32.65B	35.01B	28.25B	35.4B	42.97B	47.38B	50.41B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	34.38B	38.36B	38.99B	43.26B	47.1B	38.34B	44.43B	55.63B	67.36B	74.2B
Revenue Growth %	-0.02%	0.12%	0.02%	0.11%	0.09%	-0.19%	0.16%	0.25%	0.21%	0.1%
Non-Interest Expense	22.83B	26.59B	26.69B	28.84B	31.63B	27.21B	33.88B	41.09B	45.08B	47.87B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	7.94B	8.04B	7.42B	8.12B	8.43B	4.3B	10.69B	9.59B	10.51B	12.89B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.12%	0.01%	-0.08%	0.09%	0.04%	-0.49%	1.49%	-0.1%	0.1%	0.23%
Pretax Income+	7.94B	8.04B	7.42B	8.12B	8.43B	4.3B	10.69B	9.59B	10.51B	12.89B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.77B	2.67B	4.68B	1.2B	1.67B	1.16B	2.63B	2.07B	2.14B	2.77B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.16B	5.38B	2.75B	6.92B	6.76B	3.13B	8.06B	7.51B	8.37B	10.13B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.12%	0.04%	-0.49%	1.52%	-0.02%	-0.54%	1.57%	-0.07%	0.11%	0.21%
Net Income (Continuing)	5.16B	5.38B	2.75B	6.92B	6.76B	3.13B	8.06B	7.51B	8.37B	10.13B
EPS (Diluted)+	5.05	5.65	2.97	8.06	7.99	3.77	10.02	9.84	11.21	14.02
EPS Growth %	-0.09%	0.12%	-0.47%	1.71%	-0.01%	-0.53%	1.66%	-0.02%	0.14%	0.25%
EPS (Basic)	5.07	5.67	2.98	8.09	8.01	3.77	10.03	9.85	11.23	14.04
Diluted Shares Outstanding	1B	935M	886M	859M	830M	806M	790M	752M	736M	713M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	22.72B	25.09B	32.88B	27.38B	24.27B	32.83B	21.52B	33.54B	46.53B	40.55B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	123.69B	118.69B	134.49B	146.65B	158.06B	141.65B	148.17B	175.89B	195.68B	210.31B
Investments Growth %	0.01%	-0.04%	0.13%	0.09%	0.08%	-0.1%	0.05%	0.19%	0.11%	0.07%
Long-Term Investments	123.65B	115.46B	131.33B	141.99B	149.65B	120.01B	145.2B	171.03B	193.56B	209.36B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	2.75B	2.93B	3.01B	3.07B	3.31B	3.85B	3.8B	3.79B	3.85B	4.19B
Intangible Assets	796M	868M	899M	275M	267M	265M	201M	146M	98M	123M
PP&E (Net)	4.11B	4.43B	4.33B	4.42B	4.83B	5.01B	4.99B	5.21B	5.91B	6.17B
Other Assets	1.01B	623M	63M	-51.45B	-49.23B	4.76B	7.16B	9.78B	9.04B	10.11B
Total Current Assets	26.64B	32.24B	39.93B	88.82B	89.48B	57.47B	27.2B	38.39B	48.65B	41.51B
Total Non-Current Assets	134.55B	126.65B	141.26B	99.78B	108.84B	133.9B	161.35B	189.96B	212.46B	229.96B
Total Assets+	161.18B	158.89B	181.2B	188.6B	198.32B	191.37B	188.55B	228.35B	261.11B	271.46B
Asset Growth %	0.01%	-0.01%	0.14%	0.04%	0.05%	-0.04%	-0.01%	0.21%	0.14%	0.04%
Return on Assets (ROA)	0.03%	0.03%	0.02%	0.04%	0.03%	0.02%	0.04%	0.04%	0.03%	0.04%
Accounts Payable	11.82B	11.19B	14.66B	12.26B	12.74B	9.44B	10.57B	12.13B	13.11B	13.88B
Total Debt+	52.87B	52.57B	59.08B	61.52B	64.28B	44.83B	40.92B	43.92B	49.16B	51.09B
Net Debt	30.15B	27.48B	26.2B	34.14B	40B	12B	19.4B	10.38B	2.63B	10.54B
Long-Term Debt	48.03B	46.97B	55.78B	58.4B	57.81B	42.94B	38.66B	42.57B	47.87B	49.72B
Short-Term Debt	4.81B	5.58B	3.28B	3.1B	6.44B	1.88B	2.24B	1.35B	1.29B	1.37B
Other Liabilities	13.99B	15.98B	19.07B	19.22B	21.1B	23.59B	26.17B	32.2B	36.14B	30.65B
Total Current Liabilities	77.12B	74.01B	86.51B	86.91B	94.26B	99.56B	99.01B	125.85B	145.61B	156.79B
Total Non-Current Liabilities	63.4B	64.39B	76.43B	79.4B	80.99B	68.82B	67.36B	77.8B	87.44B	84.41B
Total Liabilities	140.51B	138.39B	162.94B	166.31B	175.25B	168.38B	166.37B	203.64B	233.05B	241.2B
Total Equity+	20.67B	20.5B	18.26B	22.29B	23.07B	22.98B	22.18B	24.71B	28.06B	30.26B
Equity Growth %	0%	-0.01%	-0.11%	0.22%	0.04%	-0%	-0.04%	0.11%	0.14%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.25%	0.26%	0.14%	0.34%	0.3%	0.14%	0.36%	0.32%	0.32%	0.35%
Book Value per Share	20.61	21.93	20.61	25.95	27.80	28.52	28.07	32.86	38.12	42.45
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	194M	181M	172M	170M	163M	161M	153M	149M	145M	141M
Additional Paid-in Capital	13.35B	12.73B	12.21B	12.22B	11.77B	11.88B	11.49B	11.49B	11.37B	11.37B
Retained Earnings	9.66B	10.37B	8.31B	12.5B	13.87B	13.84B	13.47B	16.28B	19.61B	22.15B
Accumulated OCI	-2.53B	-2.78B	-2.43B	-2.6B	-2.74B	-2.9B	-2.94B	-3.21B	-3.07B	-3.4B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	10.97B	8.22B	13.54B	8.93B	13.63B	5.59B	14.64B	21.08B	18.56B	14.05B
Operating CF Growth %	-0%	-0.25%	0.65%	-0.34%	0.53%	-0.59%	1.62%	0.44%	-0.12%	-0.24%
Net Income	5.16B	5.41B	2.74B	6.92B	6.76B	3.13B	8.06B	7.51B	8.37B	10.13B
Depreciation & Amortization	1.04B	1.09B	1.32B	1.29B	1.19B	1.54B	1.7B	1.63B	1.65B	1.68B
Deferred Taxes	506M	-1.13B	783M	455M	426M	-256M	294M	-1.19B	-1.33B	-990M
Other Non-Cash Items	1.99B	2.03B	2.76B	3.35B	3.57B	4.73B	-2.19B	2.55B	5.59B	4.62B
Working Capital Changes	2.04B	573M	5.66B	-3.37B	1.4B	-3.81B	6.46B	10.21B	3.82B	-1.89B
Cash from Investing+	-8.19B	1.87B	-18.27B	-19.61B	-16.71B	11.63B	-10.53B	-33.69B	-24.43B	-24.4B
Purchase of Investments	-1.71B	-2.16B	-2.61B	-5.43B	-11.17B	-20.56B	-1.52B	-4.17B	-1.57B	-1.59B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-155M	-487M	-211M	-520M	-352M	-597M	1M	-15M	-64M	-454M
Other Investing	-7.09B	3.37B	-16.88B	-15.85B	-10.89B	27.04B	-27.56B	-29.56B	-25.12B	-24.58B
Cash from Financing+	-2.03B	-7.53B	12.24B	5.1B	-519M	-9.07B	-14.93B	24.51B	18.38B	4.44B
Dividends Paid	-1.17B	-1.21B	-1.25B	-1.32B	-1.42B	-1.47B	-1.45B	-1.56B	-1.78B	-2B
Share Repurchases	-4.58B	-4.5B	-4.4B	-1.69B	-4.68B	-1.03B	-9.25B	-3.5B	-3.65B	-6.02B
Stock Issued	193M	177M	129M	87M	86M	44M	1.65B	56M	28M	100M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K
Other Financing	11.24B	-1.87B	11.38B	5.54B	3.33B	13.54B	-2.47B	25.9B	18.91B	10.3B
Net Change in Cash+	474M	2.45B	7.72B	-5.46B	-3.36B	8.52B	-10.94B	11.89B	12.68B	-5.96B
Exchange Rate Effect	-1000K	-1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	22.29B	22.76B	25.21B	33.26B	27.81B	24.45B	32.97B	22.03B	33.91B	46.6B
Cash at End	22.76B	25.21B	32.93B	27.81B	24.45B	32.97B	22.03B	33.91B	46.6B	40.64B
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	9.63B	6.85B	12.48B	7.62B	11.99B	4.11B	13.1B	19.22B	17B	12.14B
FCF Growth %	-0.02%	-0.29%	0.82%	-0.39%	0.57%	-0.66%	2.18%	0.47%	-0.12%	-0.29%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	24.97%	26.11%	14.18%	34.13%	29.8%	13.61%	35.69%	32.05%	31.74%	34.74%
Return on Assets (ROA)	3.22%	3.36%	1.62%	3.74%	3.49%	1.61%	4.24%	3.6%	3.42%	3.8%
Net Interest Margin	3.67%	3.64%	3.56%	4.06%	4.35%	4.17%	4.11%	4.33%	5.03%	5.73%
Efficiency Ratio	66.41%	69.31%	68.46%	66.67%	67.16%	70.98%	76.25%	73.88%	66.92%	64.51%
Equity / Assets	12.83%	12.9%	10.08%	11.82%	11.63%	12.01%	11.76%	10.82%	10.75%	11.15%
Book Value / Share	20.61	21.93	20.61	25.95	27.8	28.52	28.07	32.86	38.12	42.45
NII Growth	8.22%	-2.41%	11.63%	18.79%	12.49%	-7.37%	-2.94%	27.68%	32.73%	18.34%
Dividend Payout	22.7%	22.46%	45.52%	19.13%	21.04%	47.02%	17.97%	20.83%	21.26%	19.74%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Global Consumer Services Group	-	12.42B	18.77B	21.46B	23.58B	21.33B	24.83B	23.91B	28.12B	31.43B
Global Consumer Services Group Growth	-	-	51.10%	14.33%	9.89%	-9.56%	16.44%	-3.69%	17.57%	11.78%
Global Commercial Services	3.34B	9.81B	10.28B	12.68B	13.53B	10.62B	12.5B	13.57B	14.78B	15.86B
Global Commercial Services Growth	-	193.69%	4.78%	23.26%	6.72%	-21.50%	17.71%	8.55%	8.90%	7.33%
International Card Services	5.02B	5.49B	-	-	-	-	-	9.06B	10.43B	11.46B
International Card Services Growth	-	9.37%	-	-	-	-	-	-	15.11%	9.88%
Global Merchant and Network Services	5.53B	4.47B	4.6B	6.39B	6.64B	4.69B	5.07B	6.47B	7.4B	7.48B
Global Merchant and Network Services Growth	-	-19.08%	2.75%	39.10%	3.94%	-29.38%	8.08%	27.66%	14.22%	1.19%
Corporate and Other	137M	-77M	-175M	16M	-	-	-	-	-	-
Corporate and Other Growth	-	-156.20%	-127.27%	109.14%	-	-	-	-	-	-
U S Card Services	18.79B	-	-	-	-	-	-	-	-	-
U S Card Services Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States Geographic Region	24.79B	24.13B	24.74B	29.86B	32.56B	28.26B	33.1B	41.4B	47.14B	51.47B
United States Geographic Region Growth	-	-2.65%	2.50%	20.73%	9.02%	-13.19%	17.12%	25.05%	13.88%	9.19%
EMEA Geographic Region	3.16B	3.25B	3.58B	4.42B	4.46B	3.09B	3.64B	4.87B	5.63B	6.22B
EMEA Geographic Region Growth	-	2.75%	10.31%	23.33%	1.04%	-30.86%	18.01%	33.71%	15.64%	10.35%
JAPA Geographic Region	2.65B	3.05B	3.2B	3.66B	3.92B	3.27B	3.42B	3.83B	4.37B	4.7B
JAPA Geographic Region Growth	-	15.21%	4.98%	14.11%	7.08%	-16.45%	4.49%	12.20%	14.00%	7.46%
LACC Geographic Region	2.38B	2.27B	2.4B	2.58B	2.82B	2.02B	2.24B	2.92B	3.57B	3.85B
LACC Geographic Region Growth	-	-4.61%	5.36%	7.85%	8.98%	-28.30%	10.85%	30.34%	22.42%	7.67%
Other Unallocated	-167M	-588M	-449M	-185M	-197M	-553M	-22M	-157M	-201M	-281M
Other Unallocated Growth	-	-252.10%	23.64%	58.80%	-6.49%	-180.71%	96.02%	-613.64%	-28.03%	-39.80%

Frequently Asked Questions

Valuation & Price

American Express Company (AXP) has a price-to-earnings (P/E) ratio of 25.5x. This suggests investors expect higher future growth.

Growth & Financials

American Express Company (AXP) grew revenue by 10.1% over the past year. This is steady growth.

Yes, American Express Company (AXP) is profitable, generating $10.54B in net income for fiscal year 2024 (13.7% net margin).

Dividend & Returns

Yes, American Express Company (AXP) pays a dividend with a yield of 0.78%. This makes it attractive for income-focused investors.

American Express Company (AXP) has a return on equity (ROE) of 34.7%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

American Express Company (AXP) has a net interest margin (NIM) of 5.7%. This indicates healthy earnings from lending activities.

American Express Company (AXP) has an efficiency ratio of 64.5%. This is reasonable for a bank.

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